Empowered Funds LLC Boosts Holdings in Gartner, Inc. (NYSE:IT)

Empowered Funds LLC grew its position in shares of Gartner, Inc. (NYSE:IT - Free Report) by 53.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,496 shares of the information technology services provider's stock after buying an additional 2,959 shares during the quarter. Empowered Funds LLC's holdings in Gartner were worth $4,116,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of IT. Eastern Bank purchased a new position in shares of Gartner in the 3rd quarter valued at about $26,000. Ashton Thomas Securities LLC purchased a new position in shares of Gartner in the 3rd quarter valued at about $44,000. True Wealth Design LLC increased its holdings in shares of Gartner by 2,350.0% in the 3rd quarter. True Wealth Design LLC now owns 98 shares of the information technology services provider's stock valued at $50,000 after purchasing an additional 94 shares in the last quarter. Fortitude Family Office LLC increased its holdings in shares of Gartner by 23.8% in the 3rd quarter. Fortitude Family Office LLC now owns 104 shares of the information technology services provider's stock valued at $53,000 after purchasing an additional 20 shares in the last quarter. Finally, Asset Dedication LLC increased its holdings in shares of Gartner by 46.5% in the 3rd quarter. Asset Dedication LLC now owns 148 shares of the information technology services provider's stock valued at $75,000 after purchasing an additional 47 shares in the last quarter. Hedge funds and other institutional investors own 91.51% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft raised their target price on shares of Gartner from $529.00 to $531.00 and gave the company a "hold" rating in a report on Wednesday, November 6th. Robert W. Baird raised their target price on shares of Gartner from $579.00 to $605.00 and gave the company an "outperform" rating in a report on Wednesday, February 5th. Barclays upgraded shares of Gartner from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $525.00 to $600.00 in a report on Friday, January 10th. Morgan Stanley dropped their target price on shares of Gartner from $564.00 to $555.00 and set an "equal weight" rating for the company in a report on Thursday, January 16th. Finally, Wells Fargo & Company dropped their target price on shares of Gartner from $470.00 to $460.00 and set an "underweight" rating for the company in a report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $552.63.

Gartner Trading Down 0.4 %

Shares of Gartner stock traded down $1.83 during mid-day trading on Friday, hitting $515.34. 353,808 shares of the stock were exchanged, compared to its average volume of 480,360. Gartner, Inc. has a twelve month low of $411.15 and a twelve month high of $584.01. The stock has a market capitalization of $39.75 billion, a price-to-earnings ratio of 32.15, a price-to-earnings-growth ratio of 3.50 and a beta of 1.34. The company has a 50-day simple moving average of $510.09 and a 200 day simple moving average of $508.44. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31.

Gartner (NYSE:IT - Get Free Report) last released its earnings results on Tuesday, February 4th. The information technology services provider reported $5.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.22 by $2.23. Gartner had a net margin of 20.00% and a return on equity of 136.32%. The business had revenue of $1.72 billion for the quarter, compared to analysts' expectations of $1.69 billion. During the same period last year, the company earned $3.04 earnings per share. The company's quarterly revenue was up 8.1% on a year-over-year basis. Research analysts forecast that Gartner, Inc. will post 12.5 EPS for the current year.

Insider Buying and Selling

In related news, SVP John J. Rinello sold 90 shares of the firm's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $530.51, for a total value of $47,745.90. Following the sale, the senior vice president now directly owns 3,259 shares of the company's stock, valued at approximately $1,728,932.09. This trade represents a 2.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Claire Herkes sold 411 shares of Gartner stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $521.24, for a total transaction of $214,229.64. Following the transaction, the executive vice president now directly owns 1,494 shares in the company, valued at approximately $778,732.56. This trade represents a 21.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,690 shares of company stock valued at $2,981,025. Insiders own 3.60% of the company's stock.

Gartner Company Profile

Gartner, Inc operates as a research and advisory company in the United States, Canada, Europe, the Middle East, Africa, and internationally. It operates through three segments: Research, Conferences, and Consulting. The Research segment delivers its research primarily through a subscription service that include on-demand access to published research content, data and benchmarks, and direct access to a network of research experts.